# The Republic of Belarus (Sanctions) (EU Exit) (Amendment) (No. 2) Regulations 2021, Regulation 26: Treasury licences


In regulation 32,—
(a) after paragraph (1), insert—
“(1A) The prohibitions in regulation 15B (loans and credit) do not apply to anything done under the authority of a licence issued by the Treasury under this paragraph.
(1B) The prohibition in regulation 15C (insurance and reinsurance services) does not apply to anything done under the authority of a licence issued by the Treasury under this paragraph.”;
(b) in paragraph (2)—
(i) after “may issue a licence”, insert “under paragraph (1)”,
(ii) after “for a purpose set out in”, insert “Part 1 of”;
(c) after paragraph (2), insert—
“(3) The Treasury may issue a licence under paragraph (1A) which authorises acts by a particular person only where the Treasury consider that it is appropriate to issue the licence for a purpose set out in Part 2 of Schedule 3.
(4) The Treasury may issue a licence under paragraph (1B) which authorises acts by a particular person only where the Treasury consider that it is appropriate to issue the licence for a purpose set out in Part 3 of Schedule 3.”

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Source: https://www.legislation.gov.uk/uksi/2021/1146/regulation/26 (the official version)
Page: https://openlegislation.uk/republic-of-belarus-sanctions-eu-exit-amendment-no-2-regulations-2021/regulation-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.